Baya Bar was recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500, the world’s first, best, and most comprehensive franchise ranking. The 44th annual Entrepreneur Franchise 500 is a highly sought-after honor in the franchise industry. Recognized as an invaluable resource for potential franchisees, the 2023 Franchise 500 ranks Baya Bar as #357 and as the #1 franchise in the Acai Bowl category for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
“The past year underscores the extraordinary opportunities that the franchise industry presents for entrepreneurs of all levels,” says Entrepreneur editor in chief Jason Feifer. “The companies named to our 44th annual Franchise 500 list represent some of the most innovative, creative, and trusted brands across many industries and highlight what it takes to build the kind of momentum that drives long-lasting success.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 44-year-old ranking formula continues to evolve as well. The editorial team researches and assesses several factors that go into the evaluation including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order.
“The 6 years of hard work, dedication, and perseverance of our team and franchisees has been recognized on a national level and it feels surreal yet deserved. We are dedicated to both continuing to bring the best product and experience to our customers and giving our franchisees the best opportunities to run a successful business,” says CEO and Founder of Baya Bar, Bill Loesch
Over its 44 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Baya Bar’s position on the ranking is a testament to its strength as a franchise opportunity.